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much more defensive tone. you have utilities and health care stocks among the leaders. guys, back to you. >> thank you, bob. we'll be checking back. as we proceed on "closing bell" today. >> certainly an interesting day. we'll be following the developments out of l.a.x. the markets are about to close in about half an hour. with that much time to go, about 15,606 on the dow. the s&p up by just four points. >> much more on the shooting at l.a.x. as we continue our coverage for this friday. ♪ ♪ hey [ male announcer ] when we built the cadillac ats from the ground up, to be the world's best sports sedan... ♪ ...people noticed. ♪ something like a phenomenon, baby ♪ ♪ you're something like a phenomenon ♪ [ male announcer ] the cadillac ats, 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-25
bills yesterday without scoring a single touchdown on offense, but who cares when your defense can score two touchdowns? you know the chiefs were the worst team in the nfl last season. they won just two games. it's been an improbable turnaround. they have now won nine in a row. their best start in ten years. now the chiefs look ahead to a nice bye week, guys. and then they will be tested because people have said, well, the kansas city chiefs to a 9-0 start and haven't played anybody yet and haven't beat any good teams. they play the denver broncos twice in three weeks so we will see. >> it's hard to beat them twice in three weeks but 9-0 is impressive and no one guessed that. >>> coming up for us next, edward snowden manifest tow of truth is what he is calling it. he is ghademanding the u.s. dro espionage charges against him and why he is suggesting he is is not criminal. >>> a bizarre security breach at o'hare airport. an alligator on the loose in terminal 3! what? wait, wait, wait... no, no, no, wait, wait. (baby crying) so you can deposit a check... with the touch of a finger. so you
an impassioned defense and here's homeland security correspondent bob orr. >> reporter: the director of national intelligence today confirmed the n.s.a. has long spied on friendly foreign leaders to understanding the thinking of both enemies and allies. >> it's invaluable to us to know where countries are coming from, what their policies are, how that would impact us across a whole range of issues. >> reporter: german chancellor angela merkel has accused the u.s. of monitoring her personal cell phone. senate intelligence committee member, republican susan collins, said today that's inappropriate. >> there's absolutely no justification for our country to be collecting intelligence information on the leaders of some of our closest allies. >> reporter: but before the house intelligence committee, clapper was unapologetic. >> some of this reminds me a lot of classic movie ""casablanca--" god, there's gambling going on here, it's the same kind of thing. >> reporter: national security agency chief keith alexander said european partners have not been shy about spying on the u.s. alexander was questione
more defensive in her responses, rather than yesterday. yesterday was the apology, today, what they're doing to fix it. >> we're hearing a lot in the last few days about americans receiving notices that they will not be renewed next year for their health care insurance. can we expect specifics today from secretary sebelius? >> not quite sure how many specifics we're going to get beyond yesterday. they're trying to explain the difference between president obama saying if you have health insurance, you'll be ail to keep it. in fact, some people are being thrown off the roles. they will explain that there was some fine print there, which basically meant if your health insurance plan changed after the health care law took effect, then it was possible that you would not be able to continue to keep that, but if it was the same before the health care law took effect, then you can keep it. obviously, it's very confusing and it's not exactly in line with what the president said. that's a huge contribution that the white house and see bellous are going to have a hard time explaining. >> we'll
selling into the rally? raising cash? what? >> i'm saying you have to be defensive in your choices here. of your risk money, i think you have to have a very significant amount of it in defensive position. so, what i might do is be looking at value stocks as opposed to growth stocks. i might be looking at midcaple and large cap value stocks. i might be looking at staples, the consumer stams have been leading, but only for about a month. those are traditionally a defensive place to be. >> david, you think we're in a phase where a lot of what's going on is performance-chasing. we've already had great performance in the he cequity markets for the last few years. now people want to get on board and be part of that, right? >> right. i do think that still. i mean, i think that in general there were a lot of macro headwinds that kept money on the sidelines. those macro headwinds, i.e., government shutdown, debt ceiling issues, we're through them and it looks like people are much more focused on stock-specific right now. you look at the vix options volume. the lowest it's been all year. i think
with the affordable care act. >> reporter:ç the defense, ina you were -- insurerers had the option to update and could cancel plans before the law. >> half the people in the market before 2010 didn't stay on policies, they were kicked off or preexisting conditions and premiums went up at least 20% a year. >> reporter: the white house knew between 45 to 75% of plans cannot compile and would have to change countering unqualified assurances from president obama. >> if you're one of the more than 250 million american whose already have health insurance, you will keep your health insurance. this law will only make it more secure and more affordable. >> reporter: but change was to be expected says georgetown's sabrina with the individual market effectively now one large pool. >> if you have employer based coverage and a healthy person you're subsidizing your fellow employees that may need more. >> reporter: for some it's not delivered like the website. >> the white house site says if you have health insurance you like you'll be able to keep it. she has health insurance she likes. sh
on the defensive about its medical care program. the secretary of state got an earful while the penalty promoted it. we have more from washington. >> before there was obamacare, there was romney care, the massachusetts law that was a model for the affordable care act. visiting boston, president obama said the comparison still holds. >> because you guys had a proven model that we built the affordable care act on this template. >> the president spoke in the same spot where mitt romney, his former rival signed the massachusetts law seven years ago. with many now having their existing health care plans canceled, even after he repeatedly promised they could keep them, the president now says they'll be happier with the new plan. >> if you're getting one of these letters, just shop around in the new marketplace. you're going to get a better deal. >> but for some, that deal could mean higher monthly costs than they paid under their old plan. >> will you go into the exchanges -- >> i -- >> if you can, will you? >> on capitol hill, republicans attacked the changes and person in charge of them, health and hum
your ground defense. >> this law does not work. we need to seriously take a look at this law. we need to seriously speak with the state attorney's office, the police department. more attorneys. we need to do something about this law. when our kids cannot feel safe in their own community. >> in july, george zimmerman was acquitted of second-degree murder and manslaughter in trayvon martin's death. >> thank you, kai. nearly two dozen states have some form of stand your ground law. >>> outrage continues in one california community, after a teenager is fatally shot by a sheriff's deputy. the teen was carrying a toy rifle that police say looks very real. critics say the deputy acted too swiftly. dan simon has more. >> reporter: outrage in a northern california time. a toy pellet gun, mistakenly identified by a sheriff's deputy for the real thing. the suffer sheriff's deputying firing eight rounds at andy lopez, killing him. >> the report are that he asked the boy to drop the weapon and he didn't drop it. >> andy was not that type, believe me. andy, if he knew it was a sheriff, if he was as
have northrop grumman, from the defense sector, bank of america. i mean this all sound very good but are we really safe from cyber attacks at this very moment? >> we're not even close and i don't think the effort that's underway right now in today's meeting a part of is getting us very close. we're not talking about anything close to security standards that companies can implement. there is a lot of fear out there that the government will tell us how we need to protect our networks? do we need to use this software or that hardware. we're so far away from that it is almost mind boggling. i'm not even sure what the strategy is at this point. ashley: let me bring in on that note, governor ridge. that is the big question, isn't it? getting the public and private sector to work together. why is that such a challenge? >> i think it shouldn't be a challenge but i think it is. it is ironic that today the president with his executive order meeting with private sector who own, operate and would be responsible for securing the critical infrastructure of this country. while i think it is a v
to be at >> i agree that what he did was an act of moral courage and heroism. i believe there are legal defenses to the charges of espionage against him. i don't agree he will get from the president of the united states because the administration is furious that it is spying on everybody from itself, spying on the president of the united states to the pope to the head of the united nations to every american and every person who uses a cell phone or a landline or a text on the country. i don't think they are happy that has been reviewed. connell: it was shot down by just about everybody in the intelligence apparatus over the weekend. >> basically who wants to tell them what they did wrong. in order to do that he has to come here, and to come here yes risk getting arrested. connell: what about the legal arguments in his defense? a lot of people said he is guilty. speak other statutes to protect people who leak information about the government when they are doing something wrong. he is a classic whistleblower. his problem is the extent of the government violating the law was so huge, so enormous, s
casualties. one was intercepted by a missile defense system. the other fell into open ground. no casualties reported. the israelis did strike back as i say launching the air strikes a few hours ago hitting concealed rocket launching sites inside the gaza strip. palestinian officials say that -- confirmed the air strikes took place but say there were no injuries either. now, it's been very quiet in the gaza trip the last several months particularly because a peace process backed by the secretary of state of the united states in general under way between the israelis and palestinians and not clear if the rocket attacks were launched in that. they were release another 26 palestinian prisoners held in israeli jails as a confidence measure to try to promote the peace process. >> matthew, nearly a year since the cease-fire deal was struck but the last few weeks it seems to have entered a new phase with israeli destroying a smuggling tunnel into gaza. are there fears that these air strikes and the missile launches over the last day could escalate into a new really hot conflict between the two side
to speak out in defense of his health care law. we'll provide that live. this on a day that the from us frag frustrations of the obama care web glitches front and center on capitol hill with the appearance of health and human services secretary kathleen sebelius. bertha coombs joins us. >> 3 1/2 hours, that's how long the hearing went on. usually members of congress are determine shall to a sitting cabinet member. they were but they didn't pull any punches. the secretary came on the offense, starting with an apology, saying she's accountable for the website is not working but assuring she's working hard to win back america's confidence and it will be working by november 30 th. one of the most remarkable admissions she made when pressed by republican congress members about why she is not giving out enrollment numbers because right now she admitted she just doesn't trust the site's data. >> that data out there exists and -- >> sir, i will tell you right now, it is not reliable data. according to the insurance companies who are eager to have customers accident customers, they are not relia
been the defense contractor. it's no wonder it made the list today. not the least of which bringing out short sellers of everything defense. and they've been crushed as lockheed martin, alliant tech and general dynamics have been among the best in the market. ratheon is up, and alliant, which we recommended as a takeover play -- >> buy, buy, buy! >> less than a year ago is up an astounding 79%. probably because of a very big munitions contract. the company won last year. boy, glad they didn't take a takeover bid. we've got two life sciences, amgen which has been doing well ever since. another example of a company is life technologies. being bought by thermo fisher, another terrific company and itself a big winner. the acquiring companies have been phenomenally successful this year which is why it's not a surprise to see that constellation brands hit an all-time high. the cramer fave has made all of the difference in the sleepy spirits company that everyone seemed to hate for a long time. medium stocks are represented by comcast, parent company of this network and newscorp. who said that
" for wednesday, october 30th. >>> good evening everyone. we begin with president obama on the defensive speaking from boston, the president tried to drum up support for the troubled health care program. he chose samuel hall where a massachusetts health care plan was signed into law seven years ago and considered a successful template for the president's own affordable care act. he admitted to problems with his health care website and that people are getting cancellations notices, but he said giving people health care should be a no brainer. shifting blame for cancelled policies on private insuranceç companies. >> nobody is losing their right to health care coverage, and no insurance company will be able to deny you coverage or drop you as a customer all together. those days are all over, and that's the truth. [ applause ] >> that is the truth. >> despite the rocky start to the health care marketplace, president obama assured the crowd quote we'll see this through. >> seeing it through is what the president had in mind but different on capitol hill, grilled and drilled as members of the house g
on the defense. peter weinberg. they're going to join us for the remainder of this halloween special "squawk box." coming right back. mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to land. (vo) we're adding a brand new plane, with all this, every week. it's just one way we're building the new american. >>> oh, mr. turtle. >>> ahead on the "squawk" ceo call, the company that specializes in information solutions for the government including cyber security intelligence and h
capability is enormously important to the united states to the foreign policy to defense matters and economic matters and i'm a strong supporter of it. >> reporter: jim sciutto, cnn, washington. >>> our thanks to jim. >>> is apparently off life support this morning. the obama care website back online after suffering a nationwide network outage over the weekend. later this morning, testifying at the congressional hearing will be an administration for the medicare and medicaid services. 325,000 people have now been able to sign up for private insurance through obama care state-run marketplaces. cnn has learned health and human services secretary kathleen sebelius missed an extended deadline set by house committee to turn over documents about the website and could trigger a congressional subpoena from republicans. >>> lindsey graham is trying to hold up all nominations for federal positions until the outpost in benghazi appear in congress. they say they sent someone there on the night of the attack. the white house is accusing republicans of playing politics with th
the laws make possible the right to self defense. her son was killed by george zimmerman, the man who sparked the debate stand your ground law. >>> tom foley was honored with a memorial service in congress. the democrat served 30 years as a house of representative. he served as speaker of the house from 1990 to 1995. president obama and clinton attended today's ceremony. >> good afternoon, i'm meteorologist kvin corriveau. well, today it feels like winter in the west and the north, and it feels like spring and early fall in the southeast and the east. let's break it down a little bit for you because this is the time of year where we get a lot of changes in the atmosphere and that's exactly what we have here. a lot of rain. we have mixed precipitation which is dangerous. we're talking about freezing rain, especially in the overnight hours. that's where we see some of these pinks as well as snow. now for the west, though, the temperatures are quite low. the snow is tapering off earlier at the beginning of the week. we saw in some locations, 8 to 10 inches of accumulation just in the ten
as investors. president obama meeting with technology defense ceos to discuss that very issue just one day after his own twitter account was hacked. peter barnes joining us from the white house with the very latest. this has been talked about for a couple of years from inside the beltway, but how serious are they getting now? >> they are trying to get more serious about it. now the administration has released a draft framework for trying to improve fighting cyber security and improve efforts there including voluntary communications, more communications between corporate america and national security agencies. meeting with eight top executives from finance, information technology to talk about this draft and listen, everybody wants to try to do more to stop cybercrime. recent study showed cybercrime across the u.s. economy $100 billion per year up to about 500,000 jobs through stolen financial assets, stolen intellectual property, damage to brand and reputation. the cost of cleaning up and repairing a company has to incur after a cyber attack. the stakes alone are huge. >> it ranges from pe
documents be made public. he said keeping them under wraps is hurting his client's defense. another college classmate of tsarnaev is charged with removing evidence from the suspect bomber's dorm room after the marathon attacks. both of these men have pleaded not guilty. >>> support for the death penalty for convicted murderers appears to be softening in the united states. 60% support for capital punishment. and that's down from the 1990s. >>> san francisco could become the next uggs city to try to tackle diabetes and childhood obesity by taxing sugary drinks. this is what officials are proposing a valid measure in 2014 that would ask voters to approve a two cent per ounce tax on soda and other drinks with added sugar. the measure would require approval from two-thirds of the city's voters to pass. two cents an ounce. >> ouch. >> every sip could count. that is all for "early start" this morning. you guys have a great day, it is time for "new day." >> take it away chris and kate. >> thank you very much. >>> almost the top of the hour means it's time for the top news. ♪ >>> i want to apologi
traction again today. that appears to be their defense against the health care debacle did dennis: she said sorry but didn't really mean it. what led to the disaster that is obamacare? secrecy. this according to our next guest, a reporter for tech crunch joining us now. you had a nice line in a column you referred to in "the daily beast." the president's signature bill is a culture of authoritarianism, cronyism and secrecy. >> secrecy is destroying obamacare. he refuses to let the public participate in the website. dennis: how so? >> there are three major aspects to secrecy destroying the website. first of all big government contractors are really the only ones who have access to even build the website in the first place. so it favors companies who have put more money into lawyers and lobbyists than programs. dennis: instead of hiring amazon or something. go ahead. >> the second part is it is pretty standard practice in the tech industry to solicit the best ideas from the rest of the world and bring those ideas in. dennis: open source movement. and this is not open source. >> no, no, no. cg
. and basically they made microwave products for the reagan buildup in defense in the early 80's. add a big play, but now what it does is what is called mixed signal radiofrequency chips, the stock is around 26, two and a half dollars per share in cash with no debt. back up the cash and look at next year's earnings, that's over eight and a half times earnings. at the billion in cash, no debt. return on equities is 20%. they are plugged into the apple and the samsung phone. 47 percent of the business is apple and the rest is samsung, but the rest of the business is growing faster than industrial and aerospace portions for radio frequency and mixed signal. liz: your next pick is waiting petroleum. now that is a name that is up 60 percent already. >> we have owned it since the day it went public. i had dinner with them. but the company continues to do very well. the bottom line is when we looked at bonanza creek, the nobles, selling at seven and eight times next year's discretionary cash flow. still selling. the production is still growing. liz: says it shot any of our viewers that he is so happy?
rockets were fired across the border, one of them israel by israel's iron domed defense system. there are no reports of injuries at this time. >>> 11 injured and 5 dead this morning in china's tiananmen square after a jeep plowed into a crowd and then burst into flames. according to reports the dead include the driver and two passengers. the crash, the cause of it is unclear. and the area is right now under heightened security. a powerful storm hammering southern england this morning, winds have gusts nearly 100 miles an hour, dozens of flights at london's heath row airport had been canceled and upwards of a quarter million homes have lost power in this storm, at least two people have been killed, one was a sleeping 17-year-old girl, >>> 102 days. that is the time that remains until the opening ceremonies at the winter games, and the russians are racing to get everything completed by the deadline. topping the to-do list, finish the stadium. there's also concern beyond the olympic village. will new hotels with ready for visitors? >> reporter: from a distance, this olympic path l
. and the military -- right now the department of defense is fighting those two options, fighting the option of removing the chain of command. >> do you feel then that since senator mckaskill is on the other side of this mission you have been betrayed by the senator. >> i don't feel i have been betrayed by any of the sen sena. they are wrestling with a emotional issue. >> this is about violent crime and if you want to solve the issue you have to deal with the adjudication process. >> mckaskill has great intentions as does everyone on the armed services knee. knee -- committee. need will not make a change from the violent criminals in our military until need improve the process of investigating and proprosecuting these criminals. mckaskill feels strongly about making positive improvements. i think it's mis misguided. >> let me say this. if senator mcaccoun mckaskill wn would he not be just part of the good ol' boy network and doesn't get it. >> in you looif you look at thes there are more men being sexually assaulted in the military than women. it's a violent crime across the board. and the f
assuming leadership positions. look at how we are doing. defensive names like telecom. some of the big industrial names. industrials and materials are doing better. the s&p at 4.6%. what's been lagging is energy, health care and tech. all of those sacktoectors had leadership. nothing is really down. this is why the market is up 23% overall for the year. >>> let's move over and show you what the small caps are doing. small caps have been outperforming big caps all year, by 10 percentage points for the year. about 33% to 23%. this quarter, in the last three weeks, small caps on the top line are having a small outperform mans. this generally indicates the economy is improving. smallcaps tend to underperform form when the economy is moving to the down side. the big worry, the old reversion to the means story. you can't keep going up double digits every year. it doesn't happen. four of the last five years, we have been up double digits. 2008, we were down about 40%. how can you go up 10%, 20% next year when historically, the averages work against you. 10% would put us at 1936. interestingly
're hitting new highs. defensive names, consumer stocks moved us. look how we're moving into territory. kimberly-clark, clorox, snapple. put up the old names, tesla, facebook, priceline, yelp. they're down again today. you sell off one sector, another sector steps forward to assume some kind of leadership position. facebook, by the way, reporting on wednesday. chinese solar stocks bounced back because deutsche bank, someone came out and said, the selling has been overdone. for several days they've been selling off like this. i'll tell you what worries me most of all, guys, those pending home sales numbers. four months in a row, look at that, that's a one-year chart. that's not a good chart to look at. four months in a row they've been to the downside. the home building stocks, i'm surprised they're not down even more today. most are down about 1%, as can you see there. that is not a good number. we hope to see some better numbers. existing home sales are going to be weak because they lead existing home sales usually by a couple months. finally, want to mention, the health care stocks.
him want to defend himself the head in his defense admitted to manipulating the media. it is not his fault, but you can say the same thing with ackman. we should point out. liz: the white house correspondents dinner he says i would come on anytime. liz: it is not his thing, that is a quote, to appear on tv. after all this ridiculous tv, fights on tv, he is now telling us it's not his thing. to appear. that's what he told me. send me an e-mail, direct quote. it sounds absurd, but a lot of things this guy does sounds absurd. ackman does not deny he is lickinleaking story about having information, that was the big headline today. ackman has "new" info on herbalife. this new information will be unveiled in a couple weeks when he gives a speech at the robin hood conference were a lot of investors disclose their new ideas. i think he announced herbalife short he thinks it is a pyramid scam and it will go to zero about a year ago at this conference. bill ackman has lost hundreds of millions of dollars. liz: that is what i wanted. >charlie: i think it is 600 million. i don't have it locks do
defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the
defense director. thank you. >> thank you for having me. >> obviously a difficult day. when you talk about public arenas, and a shopping mall certainly qualifies in that area, what can you do? there's only so much you can do short of making a shopping mall a fortress which isn't all that inviting for shoppers, right? >> right. this is a tragic event. my thoughts and prayers to the victims. shopping area, similar to open areas of public airports, is by its very nature hard to protect. we talk about proceed active measures, talking about potential weaponry and intent before it happens. >> you know, i've been to stores where they make you check your purse, your bag, when you get there. of course, it's easier for a store to secure itself than for a mall to secure public areas. do you think we'll see any retailers utilizing more specific tactics this season? >> i think our shoppers will probably see a higher presence of law enforcement security personnel, maybe at entry points as well as inside the shopping stores throughout the country. >> this may be off your turf, but thinking about the tsa
was not himself personally implicated. he was defensive. >> it is a rare thing for any entity. it is difficult to plead guilty to everything it's been charged with and of the magnitude that we have described it. >> reporter: so barrara as well as his counterparts at the fbi not ruling anything out, saying they'll continue to pursue these case, larry. but for now a big day for the entity of a.s.s.a.c. >> many thanks. appreciate it. is this s.a.c. settlement a market mover? what is the message here? here two cnbc contributor, founder and ceo of kkm financial. all right. jeff, is this a market mover? is this a game changer? how do you look at this decision? >> i don't think it is, larry, to be honest. this is not a market mover. let's be clear, stevie cohen was not pleading guilty. it was s.a.c. capital. obviously, is it worth $9 billion? he's the 40th richest man in america. he's a target. obviously this case is not over from that regards. but honestly, i'm the ultimate optimist. i think they're still innocent. full disclosure, i believe lance armstrong was still innocent until he uttered the wo
courtroom. the man accused of can iing the redskin safety in 2007 testified in his own defense tuesday. eric rivera denied shooting taylor or even stepping inside taylor's home but prosecutors say rivera and four friends broke into taylor's home and shot him. >>> chris brown has checked into a rehab center in california. a spokesperson says the singer wants to gain insight into his behavior. brown was arrested in d.c. over the weekend. he's accused of pumping a man outside the w hotel. he's now facing a misdemeanor assault charge for that. >>> a pennsylvania school district says it will take its fight against the boobies bracelets to the scowrpt -- to the supreme court. the bracelets are designed to promote breast cancer awareness among young people. >>> join us for our facebook question of the morning on our facebook fan page. according to the survey, 77% of people admitted to doing what at work? is it a, snooping through a coworker's desk, b getting drunk at an office party or c, stealing office supplies? >> jennifer says it is c, stealing supplies. as a nurse i was always leaving work wit
beginning in 2018. >>> here are some of the stories we're following for you this morning. the defense in the sean taylor murder trial is starting to call its witnesses. the prosecution rested yesterday after a medical examiner testified that the redskins safety died from a massive blood loss after being shot in the upper thigh. the accused triggerman, 23-year- old eric rivera, jr. faces life in prison if convicted. >>> penn state university has agreed to pay about $60 million to settle the claims of 26 men who alleged they were sexually abused by former assistant football coach jerry sandusky. sandusky is in prison after being convicted last year of abusing ten boys. the university says liability insurance will cover the settlement costs. >>> some of the new restrictions texas lawmakers put on abortions in their state will not take effect today as scheduled. a federal judge struck down a requirement that doctors who perform abortions have admitting privileges at a hospital within 30 miles of their clinics. this legal battle is expected to end up in the u.s. supreme court sphwhrz 5:53.
what they knew, armstrong's big defense, his lawyer said the u.s. postal service should have known he was doping zblcht that's ridiculous. >> read the book. go out and get it. fascinating story. >> thank you for having us. >> "squawk box" has its own with -- >> we have our own doping story? >> lance armstrong on "squawk box." >> that's true. lance armstrong came onto do a self serving interview. and the unmitigated gall to ask him about doping, weeks later ran into him at a bar. lance armstrong came over and a costed him and wanted to get into it for asking that question. >> it was an intimidation thing. >> that was the height of it. >> can you imagine? you've got to be -- few screws loose. >>> stick around. "squawk box" is right back. [ male announcer ] at optionsxpress, our clients really appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he
had. defensive stocks hit all-time high, boeing, northrop grumman, raytheon. adam: ups, you asked about predictions for the holidays. fedex and ups are making gains in the past couple days. they're more optimistic because of e-commerce, whether that will actually happen, we won't know until november, but let's move on to something else that caught a bit of attention it has to do with people saying, what the duck. i said it with a d. check out this scene as cvs in saratoga springs, new york. nearly 50 ducks waddled into a store and didn't want to leave. the employees tried to force out the feathered intruders with switchers. they had no luck. eventually a bag of popcorn did the trick. no words how the ducks got into begin with. there is more to this story. there is prankster with a cell phone, battered up all the ducks. nicole: smart food popcorn. coming up in moments, business television's best coverage of the fed decision. tracy byrnes, ashley webster will take you through the next hour of markets now. first word, peter barnes, from the fed, along with our all-star panel. you can
department says at least 6000 iraqis have been killed in attacks so far this year. >>> defense secretary chuck hagel is criticizing states refusing to allow national guard facilities to issue id cards for same sex spouses of military members. >> not only does this violate the state's obligations under federal law, but they're actions have created hardship and inequality by forcing couples to travel long distances to federal military bases to obtain the id cards they're entitled to. this is wrong. >> same sex spouses of military members became eligible for health care, housing and other o benefits on september 3rd -- and other benefits on september 3rd. after the supreme court's ruling on the defense of marriage act. >>> happening today, the ground breaking for the largest development project in oakland in years. pam cook is in our news room with what that means for this troubled city. >> the plan is to transform the army bay into the global trade center that will expand the port of oakland and improve the local economy. the $1.2 billion project includes a logistics center, a rail yard an
to move into more of a defensive mode if you're blackberry. maybe supply hand sets that have been broken that have not -- move into more of a defensive mode, not an offensive mode and maybe pull back on the blackberry ten innovation that you have. in that case you have a steady stream of cash, a steady stream of revenue, high margin revenue in the services business that you could potentially run off. that's probably what fairfax and several others are thinking when you look at bids for this company. >> how much of the market chatter can you separate out? on any deal there is usually a lot of pr that goes into this trying to suggest that there's tension in the bidding process. do you believe that all of these players are interested in blackberry? >> you know, i think everyone's kind of getting a look at what the company is, what the company can be. it makes sense that these companies should look at this opportunity. i don't see a big strategic fit for many of these companies. i think they may be interested if they can get a portion of the company, i think the company in its entirety is go
is interesting as you are starting to see a shift into the defensive sectors a lot of people are not paying attention to regardless of the fact the market has been strong. consumer staples up more than a percent. as well as telecom, but it is sort of interesting when stocks have gotten a little bit overbought. sure, all eyes will be on apple, and we will see if we can continue higher. dagen: thank you, mark newton at the new york stock exchange. connell: a basketball related story. the nba has teamed up with samsung for the tablets and monitors courtside. three-year, $100 million deal makes sense on the official provider of tvs and tablets for the league tomorrow night the nba season getting started, good technology. dagen: some 100 million to 400 million. the front stretch renovation project at the daytona speedway is now underway with steel installation beginning friday. part of the renovation project daytona is adding wider, more comfortable seats. having twice as many restrooms, always important for beer drinkers out there. three times as many concession stands and over six luxury suite
and our nato allies have collected in defense of our countries and in support of military operations. >> at another hearing, national sbel intelligence directors was asked about monitoring allies. he said american friends spy on the united states. >> some of this reminds me of the classic movie casablanca. there's gambling going on here. it's the same thing. >>> john miller is here. >> good morning. clapper used the same one i used monday. either we think a like or he's a viewer. >> which is it? >> in the name of full discloe disclosure disclosure, he was my old boss before this job. >> let's get to the point. we do it to them; they do it to us. is there something special aboutnyabout germany and chancellor merkel that makes them want to pay more attention to her? >> the answer is no. if you sit in the president's daily briefing, the hot items are terrorism nuclear prif ration. germany doesn't come up nor does merkel. there are times when there's a strategic issue that comes up where germany's position might be an issue. somewhere buried in the pdb there might be analys
bomber suspect. a federal judge recently rejected a defense motion that was seeking more time to prepare a presentation opposing the death penalty. >> 7:16. a judge says pg&e should be fined $7 million for misleading records involving a pipeline. pg&e failed to properly notify regulators about incorrect paperwork that has recently caused safety concerns in that area. the commissioners will now vote on whether to impose a fine. faulty records were found to be a major cause of the pipeline disaster three years ago. the san mateo county elections causes had to reissue 120 ballots. an investigator determined the ballots mailed were based on old boundaries which have since changed. all the affected voters are being notified by phone and by email. >> all right. 7:17. let's check in with sal. you mentioned something earlier that was interesting. a lot of people leave early on halloween morning so they can get home early. >> we see it every year. been doing this for a long time. i noticed that. people are on the road earlier when it falls on a weekday commute. you can see that in some of the co
have collected in defense of our countries and in support of military operations. >> at another hearing clapper was asked about allies. he said they monitored allies for decades and he said america's friends spy on the united states. >> some of this reminds me of a lot of the movie of "cass a playablanca "casablanca." my god, there's gambling going on here? that's the same thing. >> that's a pretty good line. >> either we think alike or he's a viewer. >> which is it? >> in the name of full disclosure, he was my old boss before this job. >> you think alike. they do it to them they do it to us. >> if you sit on the president's briefing every day, the hot button items are terrorism, nuclear prolive nation a lot about the situation in syria. germany doesn't come up, nor does merkel. there are times when a strategic issue comes up and somewhere buried in the ppb there might be intelligence. in that analysis it may say signals intelligence merkel is saying to supporters she's going go this way or germany may go that way. the president doesn't even know where th
collected in defense of our countries and in support of military operations. >> at another hearing clapper was asked about allies. he said they monitored allies for decades and he said america's friends spy on the united states. >> some of this reminds me of a lot of the movie of "cass a pa a "casablanca." my god, there's gambling going on here? that's the same thing. >> that's a pretty good line. >> either we think alike or he's a viewer. >> which is it? >> in the name of full disclosure, he was my old boss before this job. >> you think alike. they do it to them, they do it to us. >> if you sit on the president's briefing every day, the hot button items are terrorism, nuclear prolive nation, a lot about the situation in syria. germany doesn't come up, nor does merkel. there are times when a strategic issue comes up and somewhere buried in the ppb there might be intelligence. in that analysis it may say signals intelligence merkel is saying to supporters she's going go this way or germany may go that way. the president doesn't even know where that came from unless he thinks to ask, but gen
a debt default, and that's going to be all in the news in disease. >> if you work for a defense company, you might be -- right. well, wa about obama? you don't think the sticker shock will affect? >> it will affect who it's going to affect. most people aren't affected. we have over 300 million people in the cup, so it's not most people. >> we were looking at gas prices. gas prices coming down, oil prices coming down, maybe that's offset some? >> those are positive things. the wealth effect is positive, as well. but we've had modest economic news. why is that going to change? i think christmas will be okay, but not great. >> rich, quick last work. your price target for next year? >> it was 1780. but i think we may get to a 16 multiple and we may be at 1850 or so on the suspect. i have to re-evaluate, to be honest with you. >> that's a christmas present. 1850, whoa. >> rich, thank you for joining us. david, thanks for coming in. >> happy to be here. >>> coming up, steak and eggs and a taste of the american consumer, which we were just talking about. we'll talk to the ceo, the president of
said president obama should stop apologizing and is being defensive. >> the reality is the nsa has saved thousands of lives, not just in the united states but also in france and germany and throughout europe. >> reporter: and spanish media reports the nsa monitored 60 million phone calls in that country in just one month. how this could affect u.s. foreign policy on fighting terrorism and is other key issues, we expect to hear more on the white house news conference scheduled to begin in 90 minutes kyla campbell ktvu channel 2 news. >>> and diane feinstein plans to give continued authority. she heads the senate select committee on intelligence. they are drafting legislation to put restrictions on the nsa phone records program. the legislation would allow the nsa to continue gathering records listing the numbers, time and duration of all u.s. telephone calls but not their content the. >>> time is 8:15. well, this week marks the first anniversary of superstorm sandy. one of the nation's worst natural disaster. this morning historic ellis island will reopen for the first time since th
, age of enrollees and which kind of plans they've selected. >>> 7:10. the defensive coordinate for the oakland raiders has apologized for the obscene gesture he made on the field in sunday's game against the steelers. now, he made that gesture twice while protesting a referee's call in the third quarter of the raiders' 21-18 win over the steelers. there it is. he says he was in the heat of the moment. he now regrets what he did. well, the national football league is reportedly considering a hefty fine. it could be tens of thousands of dollars. >>> a meeting will be held about the money problems of the moraga orinda fire district. according to a financial audit, the district failed to reserve more than $2 million in general fund reserves. the mine was supposed to be use -- money was supposed to be used to repay debt. earlier, officials decided they were gonna cut daily staffing from 19 down to 17. that's expected to save about $550,000 this fiscal year. >>> it is 7:11. jury deliberations start today in the trial of 18-year-old max wade. he's the teen charged with stealing the lu
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